Personal Money Management 101 Blog

by Steve Selengut

So what do your Investment Manager and your neighborhood bartender have in common, other than the probability that you spend more time with the latter during market corrections? Antoine Tedesco, in his “The History of Cocktails” article, lists three things that mixologists consider important to remember and to understand when making a cocktail: 1) the base spirit, which gives the drink its main flavor; 2) the mixer or modifier, which blends well with the main spirit without overpowering it; 3) the flavoring, which brings it all together.

Similarly, your Investment Manager needs to: 1) put together a portfolio that is based on your financial situation, goals, and plans, providing both a sense of direction and a framework for decision making; 2) use a well defined and consistent investment methodology that fits well with the investment plan without leading it in tangential directions; 3) exercise experienced judgment in the day-to-day decision making that brings the whole thing together and makes it grow.

Read Strategic Investment Mixology – The Holy Grail Cocktail in full

Steve Selengut | sanserve (at) aol.com | 800-245-0494
http://www.sancoservices.com | http://www.kiawahgolfinvestmentseminars.com/
Professional Portfolio Management since 1979 | Author of: “The Brainwashing of the American Investor: The Book that Wall Street Does Not Want YOU to Read”, and “A Millionaire’s Secret Investment Strategy”

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